Mulligan Brendan 4

What Happened
Brendan Mulligan, General Counsel and Secretary of Figma, sold 5,227 shares on February 10, 2026 at $25.00 per share, yielding gross proceeds of $130,675. This was a sale (not a purchase or option exercise) and therefore does not represent a bullish purchase signal.

Key Details

• Transaction date and price: 2026-02-10 — 5,227 shares sold at $25.00 per share.
• Gross proceeds: $130,675 (before fees or taxes).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Notable footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 5, 2025.
• Filing: Report filed on 2026-02-12; this appears to be timely (filed within the usual 2-business-day Form 4 window).

Context
Sales under a 10b5-1 plan are prearranged and commonly used to avoid questions about trading on nonpublic information. Such planned sales are often considered routine; retail investors typically view insider purchases as more informative about an insider’s bullish outlook than routine sales.